BINANCE:COTIUSD   COTI / US Dollar (calculated by TradingView)
$Coti on the daily chart is getting squeezed tight between the 21SMA and 50SMA. The RSI on the daily has crossed over the RSI 200SMA which has indicated in the past the $Coti is primed for a move to the upside. Increase in volume is confirmation that this time will be no different. Coti is scheduled to handle the first released $ADA Cardano stable coin $Djed at some time in the near future Q1 which maybe the reason for the increased interest in Coti. With an ATH of .7074 I expect Coti to challenge this within the next few weeks. The momentum of all Cardano projects is picking up steam as a report came out this week that ADA leads the charge in all of crypto in active development. The only real level Coti has as a resistance on the daily, 0.5266 and 0.6480

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.